THERMOBUILD
Bankruptcy closedFinancials · financial year 2024, micro format
Turnover
€110,744
EBIT margin
32.2%
Net result
€971▼ 55.4%
2023 · €2,178
Working capital
€85,144▼ 1.2%
2023 · €86,138
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result has fallen three years in a row; 2024 is 48% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,179
2024
Net result€971
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€164,035
2024
Equity€87,109
2024
Debt€76,926
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€85,144
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€110,744
Operating result-€14,938-€35,714€36,460▲ 2.1%€32,147▼ 11.8%€9,984▼ 68.9%€5,179▼ 48.1%
Net result-€9,937-€25,304€27,123▲ 7.2%€19,474▼ 28.2%€2,178▼ 88.8%€971▼ 55.4%
EBIT margin32.2%
Equity€27,059-€52,364▲ 93.5%€79,486▲ 51.8%€98,961▲ 24.5%€86,138▼ 13.0%€87,109▲ 1.1%
Total assets€83,070-€131,618▲ 58.4%€111,580▼ 15.2%€181,367▲ 62.5%€145,845▼ 19.6%€164,035▲ 12.5%
Debt€56,010-€79,254▲ 41.5%€32,094▼ 59.5%€82,406▲ 157%€59,707▼ 27.5%€76,926▲ 28.8%
Working capital€31,029-€57,334▲ 84.8%€90,456▲ 57.8%€115,961▲ 28.2%€86,138▼ 25.7%€85,144▼ 1.2%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,035
Fixed assets
€5,337
Current assets
€158,698
Equity and liabilities €164,035
Equity
€87,109 ▲ 1.1%
Debt
€76,926 ▲ 28.8%
Debt's share of the balance-sheet total rises from 40.9% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,567
Cash flow
€3,359
Current ratio
2.16▼
2023 · 2.44
Debt to equity
0.88▲
2023 · 0.69
ROE
1.1%▼
2023 · 2.5%
ROA
0.6%▼
2023 · 1.5%
Interest coverage
8.63
Debt ≤ 1 year
€73,554▲
2023 · €59,707
Debt > 1 year
€3,372
Income taxes
€4,568▲
2023 · €3,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | €110,744 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €660 | - | - | - | - | €2,388 | - |
| Other operating charges640/8 | - | - | - | €3,945 | €2,504 | €3,640 | ▲ 45.4% |
| Non-recurring operating charges66A | - | - | - | €4,306 | - | - | - |
| Gross operating margin9900 | -€12,548 | €36,555 | €36,844 | €40,399 | €12,488 | €11,207 | ▼ 10.3% |
| Operating profit (loss)9901 | -€14,938 | €35,714 | €36,460 | €32,147 | €9,984 | €5,179 | ▼ 48.1% |
| Financial income75/76B | - | - | - | €1,881 | €2,252 | €1,237 | ▼ 45.1% |
| Recurring financial income75 | €6,287 | €4,804 | €494 | €1,881 | €2,252 | €1,237 | ▼ 45.1% |
| Financial charges65/66B | - | - | - | €654 | €6,974 | €876 | ▼ 87.4% |
| Recurring financial charges65 | €1,034 | €8,948 | €846 | €654 | €6,974 | €876 | ▼ 87.4% |
| Profit (loss) for the period before taxes9903 | -€9,685 | €31,570 | €36,108 | €33,374 | €5,261 | €5,539 | ▲ 5.3% |
| Income taxes67/77 | €252 | €6,266 | €8,985 | €13,900 | €3,084 | €4,568 | ▲ 48.1% |
| Profit (loss) for the period9904 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| Profit (loss) for the period to be appropriated9905 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €83,070 | €131,618 | €111,580 | €181,367 | €145,845 | €164,035 | ▲ 12.5% |
| Formation expenses20 | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €30 | €30 | €30 | €0 | - | €5,337 | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | €5,337 | - |
| Leasing and similar rights25 | - | - | - | - | - | €5,337 | - |
| Financial fixed assets28 | €30 | €30 | €30 | €0 | - | - | - |
| Current assets29/58 | €83,039 | €131,588 | €111,550 | €181,367 | €145,845 | €158,698 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €74,549 | €109,422 | €111,467 | €180,837 | €145,058 | €158,471 | ▲ 9.2% |
| Trade receivables40 | - | - | - | €126,367 | €114,950 | €131,009 | ▲ 14.0% |
| Other amounts receivable41 | - | - | - | €54,470 | €30,108 | €27,462 | ▼ 8.8% |
| Cash at bank and in hand54/58 | €8,490 | €22,165 | €83 | €530 | €7 | €64 | ▲ 814% |
| Deferred charges and accrued income490/1 | - | - | - | - | €780 | €164 | ▼ 79.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €83,070 | €131,618 | €111,580 | €181,367 | €145,845 | €164,035 | ▲ 12.5% |
| Equity10/15 | €27,059 | €52,364 | €79,486 | €98,961 | €86,138 | €87,109 | ▲ 1.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,945 | €31,945 | €46,945 | €65,945 | €53,123 | €53,123 | = |
| Non-distributable reserves130/1 | - | - | - | €65,860 | €53,038 | €53,038 | = |
| Reserves not available under the articles1311 | - | - | - | €65,860 | €53,038 | €53,038 | = |
| Tax-exempt reserves132 | - | - | - | €85 | €85 | €85 | = |
| Profit (loss) carried forward14 | -€8,486 | €1,819 | €13,941 | €14,415 | €14,415 | €15,386 | ▲ 6.7% |
| Amounts payable17/49 | €56,010 | €79,254 | €32,094 | €82,406 | €59,707 | €76,926 | ▲ 28.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €3,372 | - |
| Financial debts170/4 | - | - | - | - | - | €3,372 | - |
| Amounts payable within one year42/48 | €52,010 | €74,254 | €21,094 | €65,406 | €59,707 | €73,554 | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €1,719 | - |
| Trade debts44 | €3,891 | €4,073 | €2,926 | €40,401 | €18,730 | €19,545 | ▲ 4.4% |
| Suppliers440/4 | - | - | - | €40,401 | €18,730 | €19,545 | ▲ 4.4% |
| Taxes, remuneration and social security45 | - | - | - | €22,188 | €25,702 | €27,149 | ▲ 5.6% |
| Taxes450/3 | - | - | - | €22,188 | €25,702 | €27,149 | ▲ 5.6% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,816 | €15,275 | €25,141 | ▲ 64.6% |
| Accrued charges and deferred income492/3 | - | - | - | €17,000 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| + Depreciation and write-downs630 | €660 | - | - | - | - | €2,388 | - |
| Operating cash flow (approximation) | -€9,277 | €25,304 | €27,123 | €19,474 | €2,178 | €3,359 | ▲ 54.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €30 | - | - | - |
| Change in cash | - | €13,675 | -€22,082 | €447 | -€523 | €57 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | micro format | 13-03-2025 | 2025-00048471 |
| 30-09-2023 | full format | 25-08-2024 | 2024-00366973 |
| 30-09-2022 | micro format | 30-12-2023 | 2024-00543236 |
| 30-09-2021 | micro format | 08-03-2022 | 2022-07200356 |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09300562 |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10300170 |
| 30-09-2018 | micro format | 07-03-2019 | 2019-06500365 |
| 30-09-2017 | micro format | 23-04-2018 | 2018-10300332 |
| 30-09-2016 | full format | 28-03-2017 | 2017-07500576 |
| 30-09-2015 | full format | 30-05-2016 | 2016-13800108 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.